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Boat dealers sell new or used boats, or both, in combination with other activities, such as repair services. They may also sell new or used boat engines, trailers, marine supplies, and parts and accessories. A single dealer may sell several brands of boats and boats of different sizes and types. ranging from personal watercraft to large yachts.
MarineMax saw reduced margins in the June quarter because the company “largely didn’t have the new models to sell,” according to CFO Mike McLamb. However, the company was able to realize one of its best unit growth quarters since before the recession with encouraging gains in sterndrive sales.
Freedom Boat Club named Wanda Kenton Smith as its new chief marketing officer, effective Sept. 1.
MarineMax said today that its revenue grew about 22 percent, or $39 million, to $214.4 million in its third quarter and same-store sales grew 22 percent on top of 16 percent growth in the quarter last year.
Revenue at West Marine dropped slightly, compared with last year, to $236.5 million, and comparable-store sales decreased by 0.7 percent in the second quarter, prompting the company to lower its 2014 guidance.
MarineMax will hold a conference call at 10 a.m. (EDT) Thursday to review its fiscal third-quarter results.
Freedom Boat Club said it will become a coast-to-coast network when it opens July 26 in San Diego.
Trac Ecological, manufacturer of environmentally friendly chemical cleaners, certified Marine Diesel Services of Costa Mesa, Calif. as the company’s newest yacht-servicing dealer.
MarineMax is partnering with Boston Whaler to be a major sponsor of the Drambuie Key West Marlin Tournament, which will be held July 16-19.
Six major marinas joined The Boat Village’s collaborative in southeast Florida.
Lisa Almeida, a co-owner of Freedom Boat Club franchises in Jacksonville and St. Augustine, Fla.,was widely known across north Florida as the Boatanista.